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Vehicle Shipping Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Vehicle Shipping Services Market Research Report | Consumer Goods & Services | Personal Services | Jul 2014

On the road: Improving economic conditions will boost demand, but interest rates will taper growth

IBISWorld’s Vehicle Shipping Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
BNSF BNSF market share
CSX CSX market share
Norfolk Southern Norfolk Southern market share
Union Pacific Union Pacific market share
Industry Statistics & Market Size
Revenue
$12bn
Annual Growth 09-14
12.9%
Annual Growth 14-19
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Profit
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Employment
42,515
Businesses
5,159
Industry Analysis & Industry Trends

The Vehicle Shipping Services industry's strong performance largely reflects a rebound from a very low recessionary base in 2009. Over the five years to 2014, as pent-up demand was satisfied and interest rates began to increase, car sales slowed and vehicle freight volume growth declined. However, demand for industry services has begun to normalize, and industry revenue is expected to increase over the five years to 2019, boosted by increasing sales of new cars.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Vehicle Shipping Services industry is in the mature phase of its industry life cycle. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to climb at an annualized 5.8%; over the same period, US GDP is forecast to rise at an annualized 2.5%. Typically, when IVA growth outpaces GDP, the industry is in the growth stage of its cycle. However, most of the industry's strong performance merely reflects a recovery from the recession. In 2009, declining income levels and consumer confidence caused sales of big-ticket items such as automobiles to plunge. As a result, motor vehicle freight volumes declined sharply, causing industry revenue to fall at a faster rate than that of US GDP... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Vehicle Shipping Services Industry?

Operators in this industry transport finished vehicles, such as cars, trucks, vans, buses, tractors and motorcycles, regionally and nationally. This industry includes operators that transport vehicles individually or part of a fleet but excludes operators that perform automobile-towing services.

Industry Products
Local trucking transportation servicesLong-distance trucking transportation servicesRail transportation servicesShip transportation services
 
Industry Activities
Providing enclosed transport servicesProviding schedule pickup and delivery servicesProviding open-air vehicle transport servicesProviding door-to-door delivery servicesProviding terminal-to-terminal delivery services


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